Romania and the World Bank strengthen collaboration for future reforms and investments

Deputy Prime Minister and Minister of Finance, Tanczos Barna, had an important meeting with the Executive Director of the World Bank, Eugene Rhuggenaath, and with Yasser El-Gammal, Country Manager for Romania, on behalf of the international institution.

During the discussions, the latest developments in the relationship between Romania and the World Bank were addressed, with a special focus on the launch of the 2025-2029 Country Partnership Framework, carried out in October 2024. The Minister of Finance emphasized the constant support that the World Bank provides to Romania in promoting reforms and attracting essential investments for the country’s development, noting that consolidating macroeconomic balances remains an essential priority for increasing Romania’s economic competitiveness.

“In the current economic and geopolitical context, which imposes significant challenges, it is important to effectively implement the new governance framework to ensure sustainable economic growth. I assured the World Bank team that the 2025 budget reflects this approach and includes record investments, which will allow Romania to remain among the top EU states in terms of public investment levels – reaching 7.8% of GDP. The solid partnership with the World Bank will be crucial in continuing our economic development process,” said Tanczos Barna.

The World Bank will continue to play a key role in supporting Romania, especially in a complex geopolitical context, with the ability to respond quickly to the country’s emerging needs. The 2025-2029 Country Partnership Framework will support Romania’s priority reforms and investments through a combination of financial support and technical assistance.

During the meeting, Romania’s commitment to strengthen collaboration with the World Bank was reconfirmed, in accordance with the country’s development objectives, and the dialogue will continue to identify the best solutions for Romania’s economic needs.